Electric Cars
car&bike Team
Mar 31, 2022, 4:13 AM
GM's South Korea unit builds about 600,000 vehicles a year, shipping many to the United States including the popular Chevrolet Trailblazer SUV, and employs about 12,000 people.
1 Min
Reuters | Mar 31, 2022Commercial EV Startup ELMS Signs Battery Supply Deal With CATLThe companies are also exploring a setup where CATL would have a U.S. plant that would make battery cells and ship them to the ELMS plant in Indiana for assembly into battery packs.1 min read
car&bike Team | Mar 31, 2022NXP Forecasts Sales Growth Driven By Connected VehiclesNXP Chief Executive Kurt Sievers said the company intended to focus on key areas where more chips are going into cars and where NXP believes it can hold a market position at least twice that of any competitor.1 min read
car&bike Team | Mar 31, 2022Battery Swap Startup Ample Hits Unicorn Status With New Funding RoundThe latest funding comes on the heels of a $160 million round in August that boosted the companys valuation to $890 million, according to investor website PitchBook.1 min read
car&bike Team | Mar 31, 2022Hertz In Talks With Tesla For EV Delivery TimelineTesla boss Elon Musk took to Twitter on Monday to say that his company had not signed a contract with Hertz, spurring a brief halt in Tesla's stock rally.1 min read
car&bike Team | Mar 31, 2022Startup Italvolt Signs Deal With Engie's Equans In Italy Battery Facility PlanItalvolt has pledged to invest 3.4 billion euros ($3.9 billion) to build a battery production facility in Scarmagno, near Turin, to meet growing demand for lithium-ion batteries from Europe's automotive industry.1 min read
car&bike Team | Mar 31, 2022Australia Bumps Up Investment In EV Chargers, Shuns Sales TargetsThe additional investment, which adds to an existing A$72 million commitment and will be spent by the end of June 2025, will also aid purchases of electric cars and buses for government and business fleets.1 min read
car&bike Team | Mar 31, 2022China Evergrande EV Unit To Raise $347 Million From Share Sale To Fund ProductionChina Evergrande New Energy Vehicle Group Ltd will issue about 900 million shares at HK$3 apiece through a top-up placement to controlling shareholder Evergrande Health Industry Holdings Ltd, after striking a similar deal with it last week.1 min read
car&bike Team | Mar 31, 2022South Korea's SK On To Invest $2.5 Billion To Build New EV Battery Factory In ChinaThe company had said in September it planned to build a new battery factory in China with an initial investment of 1.2 trillion won ($1.01 billion).1 min read
